Raymond James analyst Theo Genzebu raised the firm’s price target on Algonquin Power (AQN) to $6 from $5 and keeps a Market Perform rating on the shares. While Raymond James remains cautious as to the near-term outlook, the firm has a positive view on ALgonquin Power long-term as a pure-play regulated utility, the analyst tells investors in a research note.
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Read More on AQN:
- Algonquin Power downgraded to Sector Perform from Outperform at National Bank
- Algonquin Power & Utilities Corp. Elects Board and Approves Key Resolutions at Annual Meeting
- Algonquin Power & Utilities Unveils ‘Back to Basics’ Plan with Promising Financial Outlook
- Algonquin Power sees 2025 non-GAAP EPS 30c-32c, consensus 30c
- Algonquin Power sees 2026 non-GAAP EPS 35c-37c, consensus 36c
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